Hong Kong stocks are headed for a choppy end to the week as Xiaomi crashes on US sanctions. The benchmark index remains in positive zone, aided by a rally in shares of major Chinese banks. ( read original story ...)
Hong Kong Exodus Could Spur $36 Billion in Outflows, BofA Says
Hong Kong could see capital outflows of as much as $36 billion this year as residents leave the city for the U.K. in response to China’s sweeping security law, keeping the local dollar off the strong ... ( read original story ...)
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Large Decline in Short Interest
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 4,800 shares, a decrease of 53.4% ... ( read original story ...)
HSBC Tells U.K. Customers: Mask Up or Have Your Account Canceled
The British-based bank said it reserves the right to terminate the accounts of those who don't comply with mask-wearing in UK branches. ( read original story ...)
ByteDance’s Chief Rival Wins HKEX Nod for $5 Billion IPO
Kuaishou Technology, the main rival to ByteDance Ltd., has received approval from the Hong Kong stock exchange for an initial public offering of about $5 billion, according to people familiar with the ... ( read original story ...)
Hang Seng Index flirts with pre-pandemic level on Alibaba, Tencent while China stocks extend slump from 2008 high
Alibaba, Tencent and other sanctioned Chinese stocks power gains in Hong Kong as the Hang Seng Index flirts with pre-pandemic high. Stocks in mainland China extend a slump from the highest level in 12 ... ( read original story ...)
Hong Kong internet provider blocks pro-democracy website
A Hong Kong internet service provider has for the first time blocked a pro-democracy website under a new security law, raising concerns the financial hub is implementing mainland China-style limits on ... ( read original story ...)
Hong Kong’s fitness industry on verge of financial ruin as gyms fall – ‘We are in a race against the clock’
Gyms are only weeks, even days, away from collapsing as coronavirus pandemic restrictions crush their business and government lags on second handout. ( read original story ...)
Hong Kong emigration to Britain could mean $36bln capital outflow
Hong Kong residents leaving the city to move to Britain could trigger capital outflows of HK$280 billion ($36 billion) this year from the Asian financial centre, a new report published by Bank of ... ( read original story ...)
Experts to explore global economic landscape at 14th Asian Financial Forum
The 14th Asian Financial Forum (AFF) will be held online event on January 18 and 19, under the theme “Reshaping the World Economic Landscape”, and will cover more than 50 sessions from 8.30am to 10pm ... ( read original story ...)
Hong Kong emigration to Britain could mean $36 billion capital outflow
Hong Kong residents leaving the city to move to Britain could trigger capital outflows of HK$280 billion ($36 billion) this year from the Asian financial centre, a new report published by Bank of ... ( read original story ...)
Hong Kong’s Biggest ETF Resumes Buying Stocks Banned by U.S.
The largest exchange-traded fund tracking the Hang Seng Index will resume buying shares of Chinese companies included in a U.S. investment ban, marking a U-turn by State Street Corp. after it was ... ( read original story ...)
HK finance chief sees mainland as backing for island’s economy
Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday (Jan 13) that the Chinese mainland will continue to be the strongest support for Hong ... ( read original story ...)
Consumer firms drag China shares lower; Alibaba, Tencent boost Hong Kong
HSI up 0.49% * Alibaba, Tencent lift Hang Seng after Trump said to scrap blacklist plans SHANGHAI, Jan 14 (Reuters) - China shares fell on Thursday, dragged lower by consumer firms as investors ... ( read original story ...)